- Over the last week, some of the biggest winners in the crypto market include Huobi Token, Curve DAO, Litecoin, Solana, and Dogecoin.
- Cryptocurrencies like Chiliz, for example, performed extraordinarily well over the last two weeks.
- However, Chiliz is now one of the top worst-performing cryptocurrencies for this week.
Three weeks after the crash of the general crypto market during the FTX debacle, the prices of cryptocurrencies across the market have begun to stabilize. After failing to rise above the $17,000 and $1,250 zones, respectively, Bitcoin and Ethereum have traded relatively sideways.
It is safe to assume that the crypto market is consolidating as its bulls and bears gather their strengths before another face-off.
However, despite the sideways direction of the market, several cryptocurrencies have beaten all odds and have come out on top.
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Below is an overview of the crypto market’s performance over the last week: its winners and losers, how much the winners rose by, and how big a hit the losers took.
Top Crypto Gainers Over the Last Week
Some of the biggest winners in the crypto market over the last week include Huobi Token with a whopping 48% increase, Curve DAO with 27%, and of course, Litecoin with 23% (among others like BNB [17%], Solana [12%] and Dogecoin [10.36%].
Huobi Crypto Token [HT]
Huobi token, known by the ticker symbol HT, has been one of the top performers in the market over the last week. The token, issued by Huobi, the Chinese crypto exchange, has gained a whopping 48% over the last week and is showing a larger price increase prospect.
For HT, the general market trend has been bearish. However, after a double bottom formation on its charts, the cryptocurrency has begun to rally to the upside and has outperformed the top 100 cryptocurrencies ranked by market cap.
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Huobi token has a $1 billion market cap and $27,658,129 in trading volume at the time of writing.
Curve DAO Crypto [CRV]
The bulls on the Curve DAO Token (CRV) have outperformed the bears over the last week and have pushed the price steadily higher after finding stability at $0.42. As of this writing, the price of a CRV has increased by approximately 28.12% over the last week to a price of $0.7.
The current market cap of Curve DAO is $372,418,819 at the time of writing, and the 24-hour trading volume is $82,631,989. These figures are up 4.42% and 39.22%, respectively, at the time of writing
While the majority of cryptocurrencies in the market have struggled over the last few weeks due to the FTX crisis, Litecoin (LTC) achieved significant gains in November. Rising from a low of $47.60 on November 9, LTC eventually hit a high of $83.66 on November 23, 2022, in a 75% price increase.
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Although profit-taking is ongoing on Litecoin, the cryptocurrency has retested its breakout point of around $73 and currently trades at $77 at the time of writing.
It has a $5.5 billion market cap and has seen $831 thousand in trading volume over the last 24 hours.
Binance Coin [BNB]
On 21 November, BNB broke below the $258 support, leading to wild bearish speculation on the cryptocurrency. However, the cryptocurrency quickly corrected itself, and on 22 November, the price began to rise. By 23 November, the momentum picked up more speed, bringing the cryptocurrency to the overhead $300 resistance.
BNB has managed to break through this level and hit as high as $317 before a brief correction.
BNB currently trades at $314 after its brief retracement from the $318 zone. However, the cryptocurrency has gained 16% over the last 7 days and has a market cap of $50.3 billion.
Top Crypto Losers Over the Last Week
While there have been gainers over the last week, with massive gains compared to the rest of the crypto market, others have been in the red.
Cryptocurrencies like Chiliz, for example, performed extraordinarily well over the last two weeks. However, Chiliz is now one of the top worst-performing cryptocurrencies for this week. Others like Algorand and Cronos have also lost significant amounts of their previous value, as illustrated below.
Following the start of the 2022 world cup, Chiliz, being one of the sporting tokens, enjoyed the spotlight.
The sporting token traded in the green zone in the lead-up to the FIFA World Cup, while the majority of altcoins fell along with the overall price movement of the cryptocurrency market.
However, CHZ lost its bullish momentum when the world championship began on 20 November, and the bears are now in full swing. As of writing, the token is down 30% over the past week and trades at $0.175.
Chiliz now has a market cap of $1 billion and a daily trading volume of $210 million over the last day.
It appears that tokens that enjoyed price pumps relating to the FIFA world cup are starting to shed some of their gains.
The price of Algorand has been in steady decline over the last few days, despite Algorand and FIFA’s collaboration on “FIFA+ Collect,” a blockchain-based platform for smart collectibles.
Overall, ALGO has fallen by 19% over the last seven days and is now trading at the $0.245 zone at the time of writing.
There is a bullish divergence on the weekly RSI for ALGO (green line) at the moment, with most of its trend lines still in place. Because of this, analysts have theorized that a bullish reversal may be likely. However, this means a close above the $0.28 resistance is needed for a full bullish takeover.
The $0.20 region will serve as the next support level if ALGO continues to fall.
Following the crash of FTX, exchange tokens have suffered especially. It does not come as a surprise that CRO has taken a relatively minor but still significant hit over the last 7 days.
Cronos has fallen by 7.4% over the last 7 days and currently trades at $0.06524 at the time of writing.
The cryptocurrency still has a 1.6 billion dollar market cap and has seen $16 million in trading volume over the last day at press time.
Disclaimer: Voice of crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.